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cliff." instead, he put the blame squarely on senate democrats and the president. >> i'm not confident at all. listen, the house has done its job on both the sequester and on the looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where is the president? where is the leadership? absent without leave. >> sreenivasan: negotiations on avoiding the cuts are not expected until after the november elections. in the meantime, the moody's rating agency said today it will likely cut its triple-a credit rating on u.s. government bonds, if the budget talks fail. wall street managed to move ahead today, recouping some monday's losses. the dow jones industrial average gained 69 points to close at 13,232. the nasdaq rose half a point to close at 3104. those are some of the day's major stories. now, back to jeff. >> brown: and we head back to chicago, and the national spotlight focused on a teacher's strike in the nation's third largest schoo
cliff." instead, he put the blame squarely on senate democrats and the president. >> i'm not confident at all. listen, the house has done its job on both the sequester and on the looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where is the president? where is the leadership? absent without leave. >> sreenivasan: negotiations on avoiding the cuts are not expected until after the november elections. in the...
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Jun 9, 2012
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. >> if i could add, that fiscal cliff is a big deal it adds a lot of uncertainty to american business. and at the end of this year we're going to have almost 20% increase in taxes and take away of deductions, this is very troubling to american factories, american entrepreneurs. job creators right now are pausing. and we need some clarity. we need washington to make some decisions in a positive way to improve our future economic climate. >> brown: drew greenblatt in baltimore o nariman we re rev-- behravesh thank you very much. >> woodruff: still to come on the newshour: the clashes between syrian troops and rebels forces; junk food and tooth problems in el salvador; shields and brooks; and the horse i'll have another out of the running at the belmont. but first, the other news of the day. here's kwame holman. >> holman: stocks on wall street rebounded to their best week of the year, in spite of continuing concerns over the global economy and how europe's woes will impact the u.s. the dow jones industrial average gained 93 points to close at 12,554. the nasdaq rose 27 points to close a
. >> if i could add, that fiscal cliff is a big deal it adds a lot of uncertainty to american business. and at the end of this year we're going to have almost 20% increase in taxes and take away of deductions, this is very troubling to american factories, american entrepreneurs. job creators right now are pausing. and we need some clarity. we need washington to make some decisions in a positive way to improve our future economic climate. >> brown: drew greenblatt in baltimore o...
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Nov 9, 2012
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>> well, i think the big threat, judy, is that if we go off if fiscal cliff we will see negative g.d.p. in the first quarter. and when you get into a recession, american business, rldwe business, bins to make plans on how to reduce its operating costs. and that ultimately results in fewer jobs. so fewer jobs coupled with a negative g.d.p. ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take our operating budget to our board on november 29 and we're already gaining our investments and pulling back unemployment until we figure out what the macroeconomic environment is going to do next year. so the sooner we know that, the more we can get about hiring people. so t
>> well, i think the big threat, judy, is that if we go off if fiscal cliff we will see negative g.d.p. in the first quarter. and when you get into a recession, american business, rldwe business, bins to make plans on how to reduce its operating costs. and that ultimately results in fewer jobs. so fewer jobs coupled with a negative g.d.p. ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body...
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Nov 8, 2012
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on the fiscal cliff, i believe john paraphernalia is sincere he would like to do something with obama, and obama would like $2.anist of spending cuts for every $1 in tax increases. can they sell that to their bases? much harder to know. >> woodruff: the president did reelection, he won barely, but he won a majority, being sent back to office-- into fice for a second term. doesn't that count for something? >> it does count for something, judy. the president is the only nationally elected officeholder. each of the people who is elected and will be taking the oath of office on the first day of the new session is himed and herself elected as well. i just hope that the republicans would learn, and the democrats as well, from the great lesson of ronald reagan. take one of the eat conservative icon's words, someone who is with us 80% of the time, he is our ally and friend-- or she is ally and friend now that there are so many women in the senate-- and not our opponent, not a traitor. and i think this has punished the republicans in their nominating process. i think sometimes it punishes the
on the fiscal cliff, i believe john paraphernalia is sincere he would like to do something with obama, and obama would like $2.anist of spending cuts for every $1 in tax increases. can they sell that to their bases? much harder to know. >> woodruff: the president did reelection, he won barely, but he won a majority, being sent back to office-- into fice for a second term. doesn't that count for something? >> it does count for something, judy. the president is the only nationally...
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Dec 21, 2012
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people generally feel that if we do go over the fiscal cliff's edge or if there is some sort of big crash in the stock market baseden on this uncertain they the republicans will take the blame for that. again, we keep coming back to this word "dangerous." it'siskyolitally in lots of different ways and the democrats are sort of waiting to say well, let's see what republicans do to one another tonight. >> brown: what are you hearing about a potential next meeting. we have the holiday coming, right? >> the president is planning to go to hawaii with his family. the family is going to be heading there soon and he isn't getting on a plane any time soon. he could stay all through weekend. if possible he could wait through monday and eric cantor threatened that today. he said "we might stay here all weekend." the senate is intending to come back next thursday and deal with it then. >> the critical point here is will john baner be willing to bring up a bill in the house that's a compromise that may require more democratic votes than republican votes? that is anathema to him, but it may be th
people generally feel that if we do go over the fiscal cliff's edge or if there is some sort of big crash in the stock market baseden on this uncertain they the republicans will take the blame for that. again, we keep coming back to this word "dangerous." it'siskyolitally in lots of different ways and the democrats are sort of waiting to say well, let's see what republicans do to one another tonight. >> brown: what are you hearing about a potential next meeting. we have the...
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cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revee wthout rate hikes, plus major savi
cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget...
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Aug 23, 2012
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the congressional budget office said going over the so-called fiscal cliff could have dire consequences. unless congress acts by the end of the year, americans can expect more than $300 billion in tax increases as bush-era tax cuts expire. and nearly $200 billion in across-the-board spending cuts congress agreed to last year in exchange for raising the debt ceiling. the c.b.o. said those changes would reduce the deficit substantially. but the economy would also shrink by nearly 3% during the first half of the year and unemployment could top 9%. we look more closely at this now, with maya macguineas, president of the committee for a responsible federal budget. and alice rivlin, a founding director of the c.b.o. she's now with the brookings institution. welcome to you both. alice rivlin, what's the most important thing pushing us toward this cliff, this rhetorical but real cliff? >> well, the most important thing pushing us is that congress enact these cuts in spending, and the lapse in the tax cuts, and they will take place unless the congress gets itself together to do something about i
the congressional budget office said going over the so-called fiscal cliff could have dire consequences. unless congress acts by the end of the year, americans can expect more than $300 billion in tax increases as bush-era tax cuts expire. and nearly $200 billion in across-the-board spending cuts congress agreed to last year in exchange for raising the debt ceiling. the c.b.o. said those changes would reduce the deficit substantially. but the economy would also shrink by nearly 3% during the...
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the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a single dollar in revenue, i think in the battle of specificity, the outcome has already been decided. >> woodruff: and a short time ago an administration official told us the president and the speaker spoke by phone this evening. now to our series of conversations on this subject and what should be done. we've listened to rae of opinions in recent days, including erskine bowles of the simpson-bowles com
the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only...
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. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first dire
. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia...
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Dec 28, 2012
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that, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. it would mean more than $600 billion in across-the-board tax increases and automatic spending cuts. >> come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed. >> warner: this morning, the senate's democratic majority leader, harry reid, was blunt about chances for a deal. and he blamed house speaker john boehner. just before christmas, boehner floated his so-called "plan b"-- letting taxes rise on millionaires. but faced with opposition in republican ranks, he pulled it, and sent the house home for the holiday. reid charged today politics explained why the speaker had not yet called the house back. >> john boehner seems to care more about keeping his speakership than keeping the nation on a firm financial footing. it's obvious what's going on. he's waiting until january 3 to get reelected to speaker before he gets serious about negotiations. >> warner: a boenhner spokesman
that, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. it would mean more than $600 billion in across-the-board tax increases and automatic spending cuts. >> come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed. >> warner: this morning, the senate's democratic majority leader, harry reid, was blunt about chances for a...
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we're not going to allow the most vulnerable americans to shoulder the burden of this fiscal problem. those two things, i think, we've got to struggle with. i think dr. price is right. we have to talk and continue to talk about these things, understanding that there is a solution but it's going to require some flexibility. we've already gone for $1.5 trillion worth of cuts. i want to see what the other side is willing to do. >> brown: keith ellison of minnesota, tom price of georgia, thank you both very much. >> thank you. >> suarez: still to come on the newshour, mexico's president- elect comes to washington; the long history of debt in the u.s.; and h.i.v. infections in young people. but first, the other news of the day, here's hari sreenivasan. >> sreenivasan: wall street lost ground today over renewed concerns that deficit talks in washington are not making progress. the dow jones industrial average was down 89 points to close at 12,878. the nasdaq fell nine points to close below 2968. earlier, there were more signs of a recovery home prices went up in most major u.s. cities by 3%
we're not going to allow the most vulnerable americans to shoulder the burden of this fiscal problem. those two things, i think, we've got to struggle with. i think dr. price is right. we have to talk and continue to talk about these things, understanding that there is a solution but it's going to require some flexibility. we've already gone for $1.5 trillion worth of cuts. i want to see what the other side is willing to do. >> brown: keith ellison of minnesota, tom price of georgia,...
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congress is headed home for the weekend, with the fiscal cliff deadline now just one month away. >> brown: still to come on the newshour: the fight over the filibuster; the state of the aids epidemic; shields and brooks; and the age of an american landmark. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: by the thousands, egyptians poured into the stets today to protest against president mohammed morsi. they attacked morsi's move to assume sweeping new powers and condemned a new constitution that was approved overnight by the president's islamist allies. opposition leaders joined the vast crowds in cairo's tahrir square today, and they vowed their protest would be open- ended. >> the message is clear. no one should think that the egyptian people are not capable. the egyptian people have moved from the level where they were told what to do to the level of real sovereignty. the egyptian people have to be heard. they have to consider the opinion of the egyptian people on any political decision. >> sreenivasan: the draft constitution drops language on women's eq
congress is headed home for the weekend, with the fiscal cliff deadline now just one month away. >> brown: still to come on the newshour: the fight over the filibuster; the state of the aids epidemic; shields and brooks; and the age of an american landmark. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: by the thousands, egyptians poured into the stets today to protest against president mohammed morsi. they attacked morsi's move to assume sweeping new...